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Acme Company produces a single product and uses a standard cost accounting system. Acme applies manufacturing overhead costs to inventory based on direct labor hours.

Acme Company produces a single product and uses a standard cost
accounting system. Acme applies manufacturing overhead costs to
inventory based on direct labor hours. Here are data regarding Acme's
production activity for the current month:
What is the variable overhead efficiency variance?
$480 Unfavorable
$480 Favorable
$496 Unfavorable
$496 Favorable
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